This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the average total cost curve is always above the demand curve of a monopolist: a. that ... (Read 95 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
If the average total cost curve is always above the demand curve of a monopolist:
 a. that monopolist will suffer economic losses.
 b. entry will occur, forcing the monopolist to reduce price and expand output.
  c. the monopolist will earn an economic profit.
 d. the monopolist must be producing inefficiently.

Question 2

The human skills theory is similar to the factor abundance theory of explaining the source of comparative advantage, except that the former concentrates only on different aspects of labor.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


nevelica

  • Hero Member
  • *****
  • Posts: 563
Reply #2 on: Jun 30, 2018
Thank you :)


cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater
Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater
Killer Whale - Size comparison to an average human. Killer Whale - Size comparison to an average human.
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
How to find the average value of a function How to find the average value of a function
Average Distribution of Incoming Solar Radiation Average Distribution of Incoming Solar Radiation
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library